1) Latest and Greatest Badge - You can get this badge just by watching the most recent episode of a particular simulcasted series.

I don't know if this applies to "most recent episodes" of anime members only simulcasted series, or to the most recent episode available to everyone. Is the badge restricted to anime members only?

Also, I'm guessing when CR says "particular", you can only get the badge by watching the most recent episode of a certain show (Crunchyroll's super-duper-top-secret show). If you are like me and don't want to watch every "most recent episode" of every show currently simulcasted, it is likely you won't get the badge.

There are shows simulcasted here that I just refuse to waste my time on. A badge reward is not going to get me to watch them. If CR wants me to watch shows like Onamori Himari or Chu Bra, I'm afraid they would have to bribe me with money.